The federal government plans to admit 500,000 new immigrants to Canada each year until 2025. A new report warns there will be dire consequences for housing, interest rates, social infrastructure, and the economy if the population boom continues at its current pace.
“Balancing Canada’s Pop in Population,” a report released July 26 by senior economists with Toronto Dominion (TD) Bank, says economists have been warning that Canada’s population surge is lacking balance and throwing the economy off-kilter by straining economic growth, tax revenues, and the social system.
